While importing the goods, whether freight & forwarding charges and documents charges included under purchase.???
what is the correct treatment of expense incurred during import of goods ?
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Regarding import Entry
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As per AS -2 all expenses incurred towards bringing the inventory to the location should form part of purchase cost...
hence as per this freight and forwarding and other charges incurred towards importing of goods form part of purchase cost
hence as per this freight and forwarding and other charges incurred towards importing of goods form part of purchase cost
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